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Nio hits first operating profit in Q4 as turnaround begins to show

5 mins read

Pulses

India eases FDI curbs

just now
Nikkei Asia
India has eased investment restrictions on countries sharing a land border, including China, allowing up to 10% beneficial ownership under the automatic route and setting a 60-day approval timeline for sectors such as electronics and polysilicon. The rules replace tighter 2020 curbs introduced after border tensions.

Everwin Precision plans H-share IPO

just now
36Kr
Everwin Precision said it is planning an H-share issuance and main board listing in Hong Kong to support its international expansion and capital operations. Specific terms have not been finalized. The proposal will not change the company’s controlling shareholder and remains subject to board, shareholder, and regulatory approvals.

Chinese truck makers target Europe

just now
Reuters
More than half a dozen Chinese electric truck makers, including BYD, Geely’s Farizon Auto, and Sany, reportedly plan to launch European sales in 2026. They aim to price vehicles up to 30% below the EUR 320,000 regional average, challenging established manufacturers as electric trucks made up 4.2% of EU sales in 2025.

Kose rolls out Sekkisei oil line

just now
36Kr
Kose has launched the Sekkisei Blue series in China, introducing six plant-based skincare products, including three facial oils priced between RMB 400–470. The debut marks an expansion beyond the Sekkisei brand’s traditional whitening range toward botanical, oil-focused formulations.

Tencent begins QClaw beta test

just now
IT Zhijia
Tencent said QClaw, an AI assistant built on the open-source OpenClaw framework, has entered beta testing. The Windows and Mac tool supports more than 5,000 skills and enables users to remotely operate their computers via WeChat commands, executing tasks and returning results automatically.

Tencent considers Warner deal stake

just now
Bloomberg
Tencent is considering investing as a passive backer in Paramount Skydance’s USD 110 billion acquisition of Warner Bros Discovery, according to people familiar with the matter. The company previously withdrew a USD 1 billion equity commitment amid US regulatory concerns and could still decide not to proceed.

Canada lets TikTok remain, with conditions

just now
Reuters
Canada will allow TikTok to continue operating and proceed with its investment after a national security review, industry minister Melanie Joly said. The approval replaces a November 2024 dissolution order and requires binding commitments on data protection, minors’ safeguards, and ongoing audits by an independent third-party monitor.

Apollo Go resumes UAE robotaxi ops

just now
Yicai
Baidu’s Apollo Go has resumed fully driverless testing and services in Dubai and Abu Dhabi. The restart follows its January approval for fully driverless testing in Dubai and the launch of public driverless services in Abu Dhabi.

Geely sets overseas sales record

just now
36Kr
Geely said its overseas sales topped 60,000 units for two consecutive months, climbing 134.7% YoY to a record high. The group now operates in nearly 100 countries and regions, with Latin America, Asia Pacific, and Central Asia leading growth as it advances its global expansion strategy.

Dingdong Maicai names new CEO

just now
Sina
Dingdong Maicai said founder Liang Changlin has stepped down as CEO, with former CFO Wang Song assuming the role while giving up his finance duties. Liang remains chairman, and CTO Jiang Xu will leave at the end of March. The leadership overhaul comes one month after Meituan completed its USD 717 million acquisition of the company’s China business.

Tencent rolls out AI agent WorkBuddy

just now
IT Zhijia
Tencent Cloud has launched WorkBuddy, a desktop AI agent compatible with OpenClaw skills and integrated with WeCom, QQ, Feishu (Lark), and DingTalk. It supports multiple models, including Hunyuan and DeepSeek, and offers enterprise-grade security based on Tencent’s CodeBuddy architecture.

WeRide, Geely target 2,000 robotaxis

just now
WeRide
WeRide has deepened its partnership with Geely’s Farizon Auto, unveiling an upgraded GXR robotaxi and planning 2,000 deliveries in 2026 across China and overseas markets. The model will begin production in the third quarter of 2026. WeRide’s global fleet reached 1,023 vehicles in January 2026 and is projected to exceed 2,600 units this year.

Chagee to open three Seoul stores

just now
Sina
Chagee will enter South Korea with three Seoul stores opening in the second quarter of 2026, led by a Gangnam outlet and additional sites in Yongsan's I’Park Mall and Sinchon. It becomes the company’s eighth overseas market, as international GMV has risen more than 75% YoY for two consecutive quarters, reaching 262 stores abroad as of September 30, 2025.

Vivo opens first Singapore service store

just now
Vivo
Vivo has opened its first experience and service store in Singapore at 313@Somerset, integrating retail, live product demos, and on-site after-sales support in a single location.

Oppo sets March 17 launch for N6

just now
Oppo
Oppo will debut its Find N6 foldable phone on March 17, introducing what it described as the industry’s first “zero-feel crease,” enabled by a redesigned hinge and updated display materials to reduce visible folding under normal use. The device also includes a 200-megapixel Hasselblad camera, a slim book-style design, and support for the Oppo AI Pen.

Tsing Micro starts A-share IPO

just now
IPO Zaozhidao
Tsing Micro has begun its A-share IPO process after signing a listing guidance agreement with Huatai United Securities on February 25. The company develops reconfigurable processing unit (RPU) chips for AI and edge computing, with cumulative shipments exceeding 30 million units.

NetEase to halt Nagoshi Studio funding

just now
Bloomberg
NetEase will stop funding Nagoshi Studio, the Japanese developer founded by Yakuza creator Toshihiro Nagoshi, from May. The move follows a review showing the studio’s first game would require at least JPY 7 billion in additional funding as NetEase scales back global game investments.

ZTE profit drops despite revenue rise

just now
SCMP
ZTE reported 2025 revenue of RMB 134 billion, up 10.4% YoY, but net profit fell 33.3% to RMB 5.62 billion as telecom operator spending slowed. Its computing business surged 150% and accounted for 24.6% of total sales as the company expands AI infrastructure.

BYD unveils nine-minute EV battery

just now
Nikkei Asia
BYD has unveiled an updated blade battery that can charge from 10% to 97% in about nine minutes, which it said is the fastest for mass produced EVs. The LFP battery will debut in 11 models, while the company plans to install 20,000 ultra fast 1,500-kilowatt chargers across China by 2026.

Tencent enables OpenClaw QQ bots

just now
IT Zhijia
Tencent has enabled official integration between QQ and the OpenClaw AI agent platform, allowing users to create QQ bots. Each account can generate up to five bots, which can send and receive multimedia messages and execute agent tasks after a quick setup.
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